need help with this questin.
Practice Do It! Review 01 Oriole Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,000,000 units. Quarterly sales are 21, 254, 279, and 279, respectively. The sales price is expected to be $38 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 10% higher than the budgeted sales for the first quarter of 2020 Production Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $11 per pound, Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2021 are 499,000 pounds. Prepare the sales, production, and direct materials budgets by quarters for 2020. ORIOLE COMPANY Sales Budget Quarter Expected unit sales Unit selling price Total sales ORIOLE COMPANY Production Budget 7:25 PM URCES UNTULE LUMAN Production Budget Quarter = ssion) son) e 22 Study ORIOLE COMPANY CALCULATOR PRINTER VER UNTULL COMPA Production Budget Quarter Beginning Finished Goods Units Expected Unit Sales Desired Ending Direct Materials (Pounds) Total Required Units Direct Materials Per Unit ORIOLE COMPANY Direct Materials Budget Beginning Direct Materials (Pounds) Desired Ending Finished Goods Units Quarter Total Materials Required Direct Materials Purchases Required Production Units ORIOLE COMPANY Direct Materials Budget Quarter ady Click if you would like to Show Work for this question: Open Show Work Direct Materials Purchases wil Direct Labor Cost Per Hour Units to be produced S Cost Per Pound Beginning Direct Materials (Pounds) Total Pounds Required for Production Direct Materials Per Unit CALCULATOR PRINTER VIR Total Required Direct Labor Hours Desired Ending Direct Materials (Pounds) Direct Labor Time Per Unit Total Cost of Direct Materials Purchases Total Direct Labor Cost Total Materials Required Click if you would like to Show Work for this question: Open Show Work